Reward Analyst

The TJX Companies, Inc.; Watford; On-site; GBP 35,000 - 55,000; Full time

Job summary

Join a forward-thinking company as a Reward Analyst, where you'll play a vital role in shaping compensation and benefits policies across Europe. This position offers a unique opportunity to engage in market analysis, support salary structures, and ensure compliance with pay transparency directives. You'll collaborate with a diverse team, utilizing your analytical skills and attention to detail to drive impactful decisions. If you're looking for a dynamic environment that values growth and innovation, this role is perfect for you.

Qualifications

• Degree level or equivalent experience in HR or related field.
• Proven experience in compensation and benefits is required.

Responsibilities

• Conduct market reviews and benchmarking analysis for compensation.
• Support the development of salary structures and maintain job matrices.

Skills

Analytical Skills

Attention to Detail

Numeracy and Statistics

Compensation and Benefits Knowledge

Organizational Skills

Initiative and Innovative Thinking

Customer Service Orientation

Ability to Work Under Pressure

Education

Degree Level or Equivalent Experience

Tools

HR Information Systems

Advanced Excel

Job description

TJX Europe

At TJX Europe, every day brings new opportunities for growth, exploration, and achievement. You’ll be part of our vibrant team that embraces diversity, fosters collaboration, and prioritises your development. Whether you’re working in our Distribution Centers, Corporate Offices, or Retail Stores—TK Maxx & Homesense, you’ll find abundant opportunities to learn, thrive, and make an impact. Come join our TJX team—a Fortune 100 company and the world’s leading off-price retailer.

Job Description:

Position: Reward Analyst

Department: Human Resources

Reporting to: Manager of Reward

Job Summary

As a member of the European Reward team, the Reward Analyst supports the development, implementation, and administration of Compensation and Benefits policies and programs across Europe.

Key Responsibilities

• Conducts market reviews and benchmarking analysis by collecting relevant data from multiple sources
• Performs detailed data analysis, modelling, and evaluation exercise and prepares accurate reports to support compensation related decision making
• Supports the development of Salary Structures and Ranges and maintains the Country Job Matrices
• Supports the annual compensation programs, systems and processes across Europe, including, but not limited to, pay reviews, long- and short-term incentive plans and stock option administration
• Monitors and supports compliance with the European Pay Transparency Directive, keeping up to date with country specific reporting requirements and assisting in the development of transparency-related compensation processes
• Supports with the salary and benefits survey process, including representation at the regional surveys meetings and job matching sessions; submission and verification of the data, and results analysis using appropriate tools and software
• Conducts job evaluations using tools such as the Towers Watson Global Grading System
• Supports ad hoc projects and other Reward initiatives
• Supports the European benefits programmes
• Develops effective working relationship with HRBPs, the HR community, the business managers, global comp team, third party providers and competitive C&B contacts.
• Acts as a point of contact for Reward related queries, ensuring timely and accurate support to internal stakeholders.

Key Skills, Behaviours, Knowledge & Experience

• Degree Level or equivalent experience
• Proven experience in compensation and benefits required
• Another European language an advantage
• High level of numeracy and statistics
• Knowledge of job evaluation.
• Strong analytical skills
• Organised, accurate and with very strong focus on attention to detail
• Ability to use initiative, generating innovative ideas and providing effective solutions
• Able to respond quickly and effectively to customer needs
• Ability to work under pressure to tight deadlines
• HR Information Systems experience desirable
• Advanced Excel skills essential
• Ability to handle highly confidential data without prejudice
• Flexible and adaptable approach to meet changing business and work circumstances.

As proud as we are of our past success, it’s our future that excites us most. We strive to provide opportunities for growth, recognition and a competitive salary and benefits package. Share our determination to think bolder and bigger, and be part of our future. We consider all applicants for employment without regard to age, disability, gender, gender reassignment, marriage and civil partnerships, pregnancy and maternity, race, religion or belief and/or sexual orientation.

Address:

73 Clarendon Road

Location:

EUR Home Office Watford GB